Kinovo (LON:KINO) Earns Speculative Buy Rating from Canaccord Genuity Group

Kinovo (LON:KINO)‘s stock had its “speculative buy” rating reiterated by stock analysts at Canaccord Genuity Group in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 65 ($0.82) target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 37.71% from the company’s current price.

Kinovo Stock Down 5.2 %

Shares of Kinovo stock opened at GBX 47.20 ($0.59) on Thursday. Kinovo has a 52-week low of GBX 25 ($0.31) and a 52-week high of GBX 70 ($0.88). The firm’s 50 day moving average price is GBX 43.82 and its 200-day moving average price is GBX 51.38. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 95.17. The company has a market cap of £29.70 million, a P/E ratio of 674.29 and a beta of 0.89.

Insider Activity

In other Kinovo news, insider Sangita Shah purchased 110,565 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was bought at an average cost of GBX 41 ($0.52) per share, for a total transaction of £45,331.65 ($56,942.16). Company insiders own 59.10% of the company’s stock.

About Kinovo

Kinovo plc, through its subsidiaries, provides gas heating, electrical, and general building services to housing associations and local authorities, public buildings, industrial and commercial, and education and private sectors in the United Kingdom. The company operates through Mechanical Services, Building Services, and Electrical Services segments.